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HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

Active

Business ID 0309069208

84-28 / 3827 9191 / 9292

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

Active

Business ID 0309069208

84-28 / 3827 9191 / 9292

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

Active

Summary

Name:

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

Business ID (TIN):

0309069208

Date of Registration:

15 Jun 2009

Registered Office:

Ho Chi Minh Department of Planning and Investment

Address:

No. 26 Tran Cao Van Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3827 9191 / 9292

Financial Statement:

2020, 2021, 2022, 2023, 2024

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY (Công Ty TNHH Một Thành Viên HERBALIFE Việt Nam) has operated in Vietnam since June 15, 2009. The company is legally registered as a one-member limited liability company with foreign direct investment status. It operates under Business ID and Tax Identification Number (TIN): 0309069208, with its head office located at No. 26 Tran Cao Van Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City.

This Vietnamese arm of the global Herbalife brand is entirely owned by HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., based in Luxembourg. The current director and legal representative is Mr. Vu Van Thang, a Vietnamese national, whose leadership corresponds with the company’s efforts to stabilize local operations. As of the most recently reported figures, Herbalife Vietnam employed 49 staff members, according to 2020 data.

Financially, HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY reported total sales of approximately USD 290.85 million in 2023, representing a decrease of nearly 5% compared to the previous year. Despite the drop in revenue, the company posted a net profit of USD 4.1 million, a 37.67% improvement from the previous year’s sharply reduced profit levels. Owner’s equity also rose by 9.41% in the same period, reaching USD 47.73 million, indicating retained earnings and moderate financial strengthening.

However, the company’s total assets have declined steadily over the last two years, falling from USD 93.8 million in 2021 to USD 72.26 million in 2023, including a 9.04% decrease just in the past year. While the company still maintains a high working capital level of USD 43.51 million, this downward trend in asset value could reflect shrinking operations, inventory drawdowns, or reduced investment in infrastructure or logistics.

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY operates under a multi-level marketing (MLM) distribution model, focusing on functional foods that support health and beauty care. It maintains a retail and support presence in both Hanoi and Da Nang, supplementing its headquarters in Ho Chi Minh City. The company is officially registered for the wholesale of food and indirect retail sales outside traditional store formats, in line with Herbalife's global business model. While this model allows for efficient distribution, it also exposes the company to reputational risks and heightened scrutiny from Vietnamese regulators, especially given the sensitivities surrounding MLM practices in the local market.

Overall, HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY remains a notable player in the nutritional and health supplement sector in Vietnam. It is backed by a strong global parent and continues to generate profit. However, the recent declines in both revenue and asset base, combined with a lean workforce and a reliance on MLM strategies, suggest the company is in a phase of recalibration. Whether this will lead to a more sustainable local presence or a strategic retreat will likely depend on how effectively it adapts to changing market dynamics and regulatory expectations.

For further analysis, risk evaluations, or verified reports on Vietnamese companies, contact VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s trusted provider of business intelligence, credit reports, and due diligence services.

Legal Profile

English Name:

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

Vietnamese Name:

CONG TY TNHH MOT THANH VIEN HERBALIFE VIET NAM

Short Name:

HERBALIFE VIETNAM SMLLC.

Business ID (TIN):

0309069208

Date of Registration:

15 Jun 2009

Registered Office:

Ho Chi Minh Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ VU V.T

Address:

No. 26 Tran Cao Van Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3827 9191 / 9292

Branch:

3rd Floor, Artemis Building, No. 3, Le Trong Tan Ward, Khuong Mai Ward, Thanh Xuan District, Ha Noi City, Vietnam

Branch:

Ground floor, F-Home Da Nang Building, No. 16, Ly Thuong Kiet Street, Thach Thang Ward, Hai Chau District, Da Nang City, Vietnam

Business Sector

Key business lines:

VSIC:

4632 Wholesale of food

Industry Sales Growth

CAGR (2019 - 2023)

5.66%

YoY (2023)

9.55%

Companies by industry

Company distribution and propportions

51,968

1.7875%

Key Industry Players

Top 10 companies in wholesale of food industry

daitanviet joint stock company masan consumer corporation mesa asia pacific trading services company ltd fruit-vegetable export-import joint stock company th food chain joint stock company tin phat trading and construction investment joint stock company herbalife vietnam single member limited liability company archer daniels midland vietnam company limited tuan loc commodities company limited vietnam cavi agricultural joint stock company

Payment History

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Financial Performance

Assets	-32.92%
Owner’s Equity	-30.82%
Working Capital	-44.91%
Net Worth	-44.85%
Sales	-1.44%
Operating income	74.19%
EBIT	-68.78%
Gross Profit Margin	-81.19%
Debt to EBITDA	65.13%

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Specific Questions About HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY

When did HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY start operating?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY was started in 15 Jun 2009

What industry does HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY operate in?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY is operating in "Wholesale of food" industry

How can I contact HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY phone numbers is 84-28 / 3827 9191 / 9292

What adverse news is there about HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY’s has 18 bad news

What is stock symbol of HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY is not listed company

Where is the location of HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY is located at No. 26 Tran Cao Van Street, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam

What is HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY’s business registration?

HERBALIFE VIETNAM SINGLE MEMBER LIMITED LIABILITY COMPANY business registration is 0309069208

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